USD Coin (Native Arbitrum)

USDC

USDC is the native version of USDC on Arbitrum chain issued by Circle. USDC is a centralized stablecoin backed by USD reserves held by a licensed custodian (Circle).

Risk Rating
Best
$1.00
0.01%
Summary
Information
Blockchain
  • Arbitrum
Key Metrics
  • Market Cap: $32.3B
  • Fully Diluted Valluation: $32.3B
  • FDV / MC: 1
  • Ranking inside Exponential (among stables): #2
  • Circulating Supply: 32,312,350,507
  • Total Supply: 32,312,360,452
  • Volume (24H): $11.5B
  • ATH: $1.17 (05/08/2019)
  • ATL: $0.88 (03/11/2023)
Risk Assessment
Best
Asset Strength

USDC is a large-cap, fully collateralized asset. This asset depends on a centralized entity for custody services.

USDC is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.

Asset Tokenomics

USDC has an uncapped supply but has inflation control or burn mechanisms in place. USDC on Arbitrum is a native stablecoin issued by Circle. USDC is backed 1:1 by USD reserves held with a licensed custodian (Circle). USDC is fully redeemable for its USD reserves, providing an effective mechanism to retain the peg to $1.

Dependencies

USD Coin (Native Arbitrum) has no dependencies.

Things to know about USDC
USDC Pools
GMX BTC-USD Market Making
19.2%
Yield
$112M
TVL
Risk
C
Protocol
GMX V2
Chain
Arbitrum
GMX ETH-USD Market Making
22.2%
Yield
$88M
TVL
Risk
C
Protocol
GMX V2
Chain
Arbitrum
Aave USD Lending
12.7%
Yield
$19M
TVL
Risk
B
Protocol
Aave V3
Chain
Arbitrum
GMX SOL-USD Market Making
57.8%
Yield
$18M
TVL
Risk
D
Protocol
GMX V2
Chain
Arbitrum
GMX ARB-USD Market Making
18.4%
Yield
$8M
TVL
Risk
C
Protocol
GMX V2
Chain
Arbitrum
GMX LINK-USD Market Making
37.3%
Yield
$5M
TVL
Risk
C
Protocol
GMX V2
Chain
Arbitrum
Compound USD Lending
9.2%
Yield
$4M
TVL
Risk
B
Protocol
Compound V3
Chain
Arbitrum
GMX UNI-USD Market Making
34.3%
Yield
$1M
TVL
Risk
C
Protocol
GMX V2
Chain
Arbitrum
Clipper Tricrypto-ARB Market Making
44%
Yield
$1M
TVL
Risk
C
Protocol
Clipper
Chain
Arbitrum